MONTREAL - A Montreal private boy's school is reportedly offering $5 million to settle claims of teachers sexually abusing boys in the 1960s, local media reported.

A source at the Selwyn House school who asked not to be identified told Montreal's Gazette newspaper the institution was offering a formal apology and the money to be shared by three groups of former students, who are seeking to file a class action lawsuit.

The Quebec Superior Court was scheduled to rule on the class action status in April but will now, along with lawyers for the former students, review the offer first, the newspaper said.

One of the three accused teachers was a debating coach who offered to tutor students in their homes and then allegedly provided hashish, fondled and sexually assaulted them, the report said. The man committed suicide in 1991.